Perspectives

Blockchain: The Challenge of Fashioning Hope into Reality

2017-07-13

The financial services industry was among the first to recognize blockchain’s potential and explore its use to cut costs, reduce fraud and manual errors, improve operational efficiency, etc. Our global survey of over 1,500 senior banking and finance executives reveals that the industry has made significant strides but still has work to do realize the promise of blockchain’s shared infrastructure and distributed ledger technology.

After years of trials, large firms are already moving into deployment. The not-so-good news is the lack of consensus on a blockchain ecosystem and how blockchain networks will form and be governed. Scalability and interoperability have naturally emerged as major concerns.

The infographic below summarizes the success and the potential roadblocks for this game-changing technology.